Entries by Mike

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Minimizing Tax on Social Security Benefits

How much (if any) of your Social Security benefits are taxable depends on a number of issues. The following facts will help you understand the taxability of your Social Security benefits. For this discussion, the term “Social Security benefits” refers to the gross amount of benefits you receive (i.e., the amount before any reductions due […]

What Makes a Great CEO? Personality, Perseverance and Perspective

If you ever wanted proof that quality company leadership is critical to an organization’s success, look no further than the old saying of “people don’t quit their jobs. They quit their leaders.” To that end, being an efficient CEO involves a lot more than just “having a vision” or “barking orders.” It’s not about commanding […]

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Checking Your Federal Refund Status Is Easy

If you have already filed your federal tax return and are due to receive a refund, you can check the status of your refund online. Where’s My Refund? is an interactive tool on the IRS website. Regardless of whether you have split your refund among several accounts, opted for a direct deposit into one account, or […]

Estate Tax Exemption Doubled under Tax Reform

Note: This is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in the article), passed late in December 2017, might affect you and your family in 2018 and future years, and offering strategies you might employ to […]

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Can’t Pay Your Taxes by the April Due Date?

If you aren’t one of those lucky Americans who gets a tax refund from the IRS you might be wondering about your options for paying off your tax liability by the April due date. The IRS encourages taxpayers to pay the full amount of their tax liability on time, and it imposes significant penalties and […]

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Business Owners Beware: New Tax Law Severely Limits Entertainment Deductions

If you are a business owner who is accustomed to treating clients to sporting events, golf getaways, concerts and the like, we have some bad news for you. The GOP’s tax-reform bill that President Trump signed on December 22nd of last year eliminated the business-related deduction for entertainment, amusement or recreation expenses, effective beginning in […]

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Tax Reform Limits Exchanges to Defer Taxes

Note: This is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts & Jobs Act (referred to as the “Act” in the article), passed late in December 2017, might affect you and your family in 2018 and future years, and offering strategies you might employ to […]